THE CONDO BOOK PROJECT

5105 Junction Condominium

51-05 Junction Boulevard, Queens, NY 11373

Overview

Units
5 residential · 4 parking
Subway
12 min walk to Junction Blvd 7Grand Av-Newtown M R, 13 min
Principals
Guang Yuan Liang
Average $/sf
$438Homes in Schedule A, as first offered
Common charges
$415–$431 a monthSponsor's first-year estimate in Schedule A, July 1, 2021- June 30, 2022
Offering price
$2.4 million total

The sponsor of record is 5105 Junction LLC, represented by Lawrence Lixin Yang, P.C.. The offering plan runs 294 pages. The sponsor has filed 1 amendment, the latest in January 2022. The nearest other condo plan on file is 97-05 50th Avenue Condominium, 0.1 mi away.

Plan CD200300 · New · accepted Sep 3, 2021 · AG record ↗

Compare

FigureThis building1Six Brothers27 units · 0.8 miaccepted 202097 Place310 units · 0.3 miaccepted 2022
Common ChargesPer Square Foot / Month$0.41Above peers$0.36$0.35
Average Offering PricePer Apartment$448,000Highest$382,857$251,000
Average PricePer Square Foot$438Above peers$422$383
Property TaxesPer Square Foot / Month$0.49In line$0.06$0.51
Average Unit SizeSquare Feet1,022 SFLarger907 SF656 SF

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Unit mix, closings, budgets, finishes and the team, against Six Brothers and 97 Place, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Queens plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
5105 Junction LLC
Principals
Guang Yuan Liang

From our research: Do NYC Developers Rehire the Same Firms?

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